Local authorities spend millions buying insurance, while central government departments retain their risks. Why is this - and is there a better way? Read the insights and opinions of a GAD actuary who's also a director of the Local Government Mutual.
GAD actuary Tejas Dholakia shares his experiences of participating in GIRO - a major actuarial conference on general insurance.
Pandemic bonds transfer pandemic risk from developing countries to the financial markets. The capital raised is reserved for responding to pandemic outbreaks. In this blog we look further into what pandemic bonds are, how they work and what happened when COVID-19 occurred.
We look at the different aspects of insurance in the public sector, as it applies to local authorities and national government, and the associated impact of the pandemic.